What are Stablecoins Its Types and Process 244572 1 - What are Stablecoins? Its Types and Process

Define Stablecoins   A stablecoin is referred to as “pegged cryptocurrency” because its price is fixed in terms of another asset. While cryptocurrencies like Bitcoin and Ether can sometimes fluctuate wildly in fiat money—like the U.S. dollar—stablecoins are designed to maintain a stable value relative to other assets.   As new forms of blockchain-based money continue to be developed and adopted rapidly, stablecoins are becoming increasingly popular and getting attention from some heavy hitters in the crypto world.   For example, Tether (USDT), created in 2014 by two developers who wanted to enable people to move money across borders ...Read more

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